Design and impacts of securitized leveraged buyouts

Private equity investors have traditionally used innovative financial methods in structuring their leveraged buyouts(LBO) deals. In recent years, they have frequently employed securitization to raise funds on the back of their acquisitions’ operating assets. A distinctive feature of these transactions is that they aim to enhance the securitizing LBO’s debt pay capacity through a set of structural enhancements including operating debt covenants. Operating covenants — supported by legal security arrangements — mitigate an LBO’s financial and operating risks and improve its cash generation potential. We test this hypothesis by examining changes in the operating income of Hertz LBO. The results show that, within the operating framework adopted by Hertz LBO, securitization improved the transaction’s debt service capacity

Investigation for Bioactive Compounds of Berberis Lyceum Royle and Justicia Adhatoda L.

In order to explore the medicinal values of plant species like Berberis lyceum and Justicia adhatoda, a study was conducted to analyze roots, leaves and fruits of both plant species for identification of various organic compounds. Chemical analysis as well as identification of organic compounds by chromatographic techniques were carried out. Results indicates that both plant species contained Proteins, Sugars, Lipids, Vitamin C, Sodium, Calcium, Sulphur, Iron, and Zinc.Whereas the alkaloids like Palmatine, Berberine, Vasicine and Vasicinone were also found in leaves and roots of these plant species. However, it was observed that roots of both plant species contained higher concentrations of these chemical compounds as compared to fruits and leaves except sugar and vitamin C those were high in fruits. Furthermore presence of such bioactive compounds in Berberis lyceum and Justicia adhatoda indicated their importance in the form of local medicines. This experiment will help to increase the importance of new raw material found in these plant species and their demand in the market will be increased in the future. The extract of roots and fruits of these plant species are being used against various infections and diseases in rural population of subcontinent since many centuries

Firms benefit when board directors have different nationalities

One benefit is the ability to respond to the expectations of diverse groups, write Kristína Sághy Estélyi and Tahir M. Nisa

The Inheritance of Yield and Yield Components of Five Wheat Hybrid Populations Under Drought Conditions

The magnitude of genetic inheritance and expected genetic advance are important for the prediction of response to selection in diverse environments and provide the basis for planning and evaluating breeding programs. This work investigated the inheritance of traits related to drought in wheat under natural drought conditions. Cross combinations were made to produce F1 and F2 hybrid populations, which were evaluated in a randomized completed block design with three replications at University of Agriculture, Faisalabad, Pakistan. Six wheat varieties/lines and six derived F2 hybrids were studied to ascertain heritability and genetic advance for plant height, days taken to maturity, number of tillers per plant, spike length, number of grains per spike, 1000-grain weight, and grain yield per plant. Data were collected and subjected to statistical genetic analyses. Heritability estimates and expected genetic advance for plant height, days taken to maturity, number of tillers per plant, 1000-grain weight and grain yield per plant were high for the entire cross combinations while the estimates for spike length and number of grains per spike were relatively low. Our results suggest that improvement for these characters should be faster because of higher heritabilities and greater phenotypic variation. Prospects of genetic improvement for all the characters studied are evident. The most promising cross combinations were WL60 × LU26S and WL61 × LU26S. These traits, therefore, deserve better attention in future breeding programs for evolving better wheat for stress environments

EVALUATION OF OIL BASED AVIAN INFLUENZA VACCINE (H5NI) PREPARED WITH DIFFERENT CONCENTRATIONS OF ADJUVANT

Bird flu vaccine from H5N1 strain of avian influenza virus was prepared with two concentrations of adjuvant (Montanide ISA 70MVG). Two vaccines (I and II) were prepared containing 50 and 60% Montanide, respectively. Immune response of both the vaccines as single, as well as booster, dose was evaluated in layer birds through haemagglutination inhibition test. Single dose of both vaccines showed poor immune response, while booster dose gave better response with both the vaccines. However, the vaccine prepared with 60% Montanide provided better immune response compared with the vaccine containing 50% montanide